Tuesday, October 13, 2015

Coffee Day Enterprises Ltd IPO Opens on Oct 14th

Coffee Day Enterprises Ltd is entering in the capital markets with an initial public offering, IPO of *** Equity Shares of Rs 10 each aggregating upto Rs 1150 Cr. The price band for the issue has been fixed at Rs 316 at lower level and Rs 328 at upper level.

Coffee Day Enterprises Ltd own and operates coffee cafes in India since 1996. Company is well known for its brand name 'Cafe Coffee Day' (CCD). Company owns a network of 1,472 Cafe outlets spread across 209 cities in India. As of Dec 2014, Cafe Coffee Day has market share of 46% in India in terms of the number of chained Cafe outlets.

The issue opens on Oct 14, 2015 and closes for subscription on Oct 16, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).